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Shell plc (NYSE: SHEL) is a global energy leader with integrated operations spanning oil and gas exploration, liquefied natural gas (LNG) production, and renewable energy initiatives. This page provides investors and industry professionals with direct access to Shell's official announcements, strategic updates, and market-moving developments.
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Shell plc has updated its capital structure as of February 28, 2023, announcing a total of 6,931,400,959 ordinary shares of €0.07 each. The company does not hold any treasury shares. This figure is critical for shareholders to determine their obligations under the FCA's Disclosure Guidance and Transparency Rules regarding notifying changes in their ownership interest. The total share count includes shares bought back by the company as part of its ongoing buy-back program, which are not yet cancelled.
This announcement complies with regulatory requirements aimed at maintaining transparency in shareholder equity.
On 27 February 2023, Shell plc executed a share buyback, purchasing a total of 584,032 shares for cancellation. The highest price paid was £25.560, while the lowest was £25.185, with a volume-weighted average price of £25.368 across trades executed on the London Stock Exchange. Additional purchases included 5,165 shares at an average of £25.400 on Chi-X and 10,803 shares at £25.406 on BATS, among others. This buyback is part of an ongoing program announced on 2 February 2023, managed independently by BNP Paribas Exane until 28 April 2023, adhering to regulatory frameworks including UK and EU market abuse regulations.
On February 27, 2023, Shell plc disclosed share transactions by Persons Discharging Managerial Responsibilities (PDMRs) under the EU and UK Market Abuse Regulations. A total of nine PDMRs received shares as part of their annual bonus, with 50% paid in shares and subject to a three-year holding period. Key transactions include Wael Sawan receiving 7,213 shares at GBP 24.82 and Sinead Gorman receiving 12,426 shares at the same price. Other executives also received shares in similar amounts and prices, totaling hundreds of thousands in value. The complete details of these transactions can be found on Shell's website and required filings.
On February 23, 2023, Shell plc announced the purchase of shares for cancellation as part of its ongoing buy-back program initiated on February 2, 2023. A total of 1,439,100 shares were bought across various trading venues, including the London Stock Exchange and others, with prices ranging from £24.395 to £28.390. This initiative is managed by BNP Paribas Exane, which will make independent trading decisions until April 28, 2023. The buy-back program complies with EU regulations and UK laws regarding share repurchases.
On 21 February 2023, Shell plc announced the purchase of 1,233,898 shares for cancellation. Additional purchases included 148,266 shares on Chi-X and 237,836 shares on BATS. The highest price for shares was £25.310, with the lowest at £24.805, while the volume-weighted average price was £24.936. Overall, 1,065,000 shares were bought for €28.284 on the XAMS. This transaction is part of an ongoing share buy-back program initiated on 2 February 2023, which allows BNP Paribas Exane to trade independently until 28 April 2023, following regulatory compliance under UK MAR and EU MAR.
Shell plc announced a share buy-back program on February 16, 2023, purchasing a total of 3,220,000 shares for cancellation. The shares were acquired on different trading venues, with prices ranging from £25.600 to £29.110. The average price paid per share was £25.742 on the LSE and €28.943 on the XAMS. This action is part of an ongoing buy-back initiative, managed independently by BNP Paribas Exane from February 2 to April 28, 2023. The purchases aim to optimize shareholder value and are compliant with regulations outlined in the UK Market Abuse Regulation.
On 14 February 2023, Shell plc announced the repurchase of shares totaling 1,045,000 across multiple trading venues as part of its existing buy-back program initiated on 2 February 2023. The shares were acquired at varying prices, with the highest recorded at £25.710 and the lowest at £25.435 on the London Stock Exchange, and in Euros on European exchanges. BNP Paribas Exane is managing trades independently until 28 April 2023, adhering to the company's general authority for share repurchases and complying with relevant market regulations. This initiative aims to enhance shareholder value through share cancellation.
On 10 February 2023, Shell plc announced the purchase of 1,986,000 shares for cancellation as part of its ongoing share buy-back program initiated on 2 February 2023. The share purchases occurred across multiple trading venues, including LSE and Chi-X, with the highest price paid being £25.415 and the lowest £24.405. The volume-weighted average price per share was £25.117. BNP Paribas Exane is executing the trading decisions independently until 28 April 2023. This program complies with EU and UK regulations regarding buy-back initiatives.
Shell plc announced on 8 February 2023 the purchase of 1,926,500 shares as part of its share buy-back program, which was previously disclosed on 2 February 2023. The shares were acquired through various trading venues including LSE, Chi-X, BATS, XAMS, and CBOE DXE. The highest price paid was £24.780 and the lowest was £24.475 for the GBP transactions, while €27.925 and €27.580 were the highest and lowest prices respectively for the EUR trades. BNP Paribas Exane will independently manage this program until 28 April 2023.
On February 7, 2023, Shell plc disclosed conditional performance share awards made to several key executives under its Long Term Incentive Plan (LTIP). The awards include:
- Wael Sawan: 173,985 shares at £24.14
- Sinead Gorman: 103,458 shares at £24.14
- Harry Brekelmans: 65,018 shares at €26.90
- Ronan Cassidy: 48,206 shares at £24.14
- Donny Ching: 52,150 shares at €26.90
- Ed Daniels: 46,304 shares at £24.14
- Huibert Vigeveno: 65,018 shares at €26.90
- Zoe Yujnovich: 67,149 shares at €26.90
This notification aligns with the EU Market Abuse Regulation requirements.
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